The global artificial tendons and ligaments market size is anticipated to reach USD 39.7 million by 2025 at an 11.3% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Adoption of artificial grafts is on a rise owing to several benefits over autologous and allogenic grafts, such as high tensile strength, no immune reaction, and abrasion resistance. Increase in number of sports injuries, coupled with rising government efforts to create awareness about sports injuries and available medical reimbursements, is anticipated to fuel market growth.
For
instance, the Government of Finland in collaboration with UKK Institute has
been conducting a ‘LiVE-program’ since 2016 to improve safety in sports
increase awareness about injury risks, sports training, and content of physical
activity sessions. Over the past several decades, increase in participation of
children and adolescents has been observed in various sports such as football,
soccer, bicycles, handball, basketball, and volleyball. Moreover, increase in
awareness about physical fitness among people will contribute to market growth.
Other
factors likely to contribute to market growth include rising preference for
minimally invasive surgery, continuous advancements in surgical procedures, and
growing funding and research activities to develop novel materials for
synthetic tendons and ligaments. Moreover, positive outcomes reported through
various clinical trials pertinent to usage of artificial ligaments will
accelerate growth in the near future. For instance, according to a study
published in 2017 in NCBI, patients treated with artificial ligament after
femoral tumor resection and reconstruction procedures exhibited a more stable
hip joint and more active range of movement as compared to patients who did not
received a synthetic ligament.
Full Research Report On Artificial Tendons and Ligaments Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/artificial-tendons-ligaments-market
Artificial Tendons
& Ligaments Market Report Highlights
- The knee injuries segment
held a major share in 2018 owing to increase in incidences of knee
injuries, coupled with faster recovery observed with the use of artificial
ligaments in comparison to autologous or allogenic grafts
- The hospitals and clinics
end-use segment is expected to hold a significant share during the
forecast period. Growth of the segment can be attributed to higher
readmission rate for treatment of ACL reconstruction procedures and
collaborative activities between key players and orthopedic clinics to
create awareness about artificial tendons and ligaments.
- As of 2018, Europe accounted
for the largest market share. Surge in number of sports injuries among
young athletes, rising geriatric population prone to orthopedic disorders,
and presence of key players in the region will boost the regional market
- The U.K. artificial tendons
and ligaments market is expected to grow substantially over the forecast
period. This growth is predicted to be majorly driven by increasing
adoption of artificial tendons and ligaments, rising incidence of
accidents, R&D of innovative product design, and favorable patient
demographics.
- Growing healthcare
expenditure, coupled with rising penetration of health insurance in Latin
America and Asia Pacific countries such as China, India, Brazil, and
Argentina are providing considerable growth opportunities to market
players
- Industry players have been
involved R&D activities to deliver novel products in the market.
Companies are also strategically involved in expanding their geographical
presence through distribution agreements to expand their customer base.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/artificial-tendons-ligaments-market/request/rs1
Artificial Tendons
& Ligaments Market Segmentation
Grand View Research has segmented
the global artificial tendons and ligaments market on the basis of application,
end use, and region:
Artificial Tendons
and Ligaments Application Outlook (Revenue, USD Million, 2014 - 2025)
- Knee Injuries
- Shoulder Injuries
- Foot and Ankle Injuries
- Others
Artificial Tendons
and Ligaments End-use Outlook (Revenue, USD Million, 2014 - 2025)
- Hospitals and Clinics
- Ambulatory Surgery Centers
Artificial Tendons
and Ligaments Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Spain
- Italy
- Asia Pacific
- Japan
- China
- India
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment